GENI - Why Genius Sports Shares Are Shooting Higher Today | Benzinga
Genius Sports Ltd (NYSE:GENI) shares are trading higher after the company reported better-than-expected first-quarter FY24 sales.
The company reported first-quarter FY24 sales of $119.72 million, beating the analyst consensus estimate of $116.89 million.
Segment Revenue: Betting Technology, Content & Services increased 14.1%, Media Technology, Content & Services jumped 63%, and Sports Technology & Services fell 3.5%.
The gross profit increased 34% to $12.8 million, and the gross margin expanded 90 basis points to 10.7%.
Total operating expenses increased 13.8% ...